Title :
Research on the supply chain inventory strategies under the financial crisis
Author_Institution :
Sch. of Bus. Adm., Univ. of Sci. & Technol. Liaoning, Anshan, China
Abstract :
In order to reduce the inventory risk brought by the current financial crisis, the inventory strategies matching supply chain were put forward for the supply chain enterprises, based on the introduction of the conventional supply chain inventory strategies and the analysis of the impact of the financial crisis on the inventory decision. The inventory figures were built to analyze the supply chain inventory strategies by data, combined with the changes of the potential demand of supply chain under the financial crisis. Haier company was taken as an example to analysis the inventory strategies. Results show that the inventory cost of the enterprises can be reduced greatly when the supply chain strategies are changed from QR to ECR under the financial crisis and the supply chain enterprises should strengthen the ECR strategy to reduce inventory cost effectively.
Keywords :
cost reduction; financial management; inventory management; risk management; supply chain management; ECR strategy; Haier company; financial crisis; inventory cost reduction; inventory decision; inventory risk; supply chain enterprise; supply chain inventory strategy; Companies; Costs; Fluctuations; Forward contracts; Inventory management; Risk analysis; Strips; Supply chains; Technological innovation; Uncertainty; Financial Crisis; Inventory; Strategy; Supply Chain;
Conference_Titel :
Logistics Systems and Intelligent Management, 2010 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-7331-1
DOI :
10.1109/ICLSIM.2010.5461475